Know About Horse Racing Betting And Increase Your Chances Of Successful Bids
Horse racing betting is one of the sportfogadás as Hungarian would call sports betting. It is one of the oldest forms of gambling and to date remains one of the most popular in the betting scene. In this article, we will learn about different types of horse races, the gist of horse racing betting among other information that you will need to successfully place your bets.
Different types of horse races
To a person who is starting in horse racing, all the races are the same; it is very hard to identify the different variations in horse racing if you are not a keen follower of the sporting event. There are many types of horse races and if you are interested in horse racing betting, you need to know about them so that when they are featured in a sportsbook of your choice, you have a clue on what you are getting into. These types include:
- Flat racing
- Steeple-chasing
- Harness horse racing
- Endurance horse race
Flat horse racing
This is the most basic of all the horse races. Here the horses compete over a flat course and there is no jumping involved. This race involves testing the horse’s speed and stamina. Horses normally cover different distances. Some of the most famous races in this category include the Prix de l’Arc de Triomph and the United Kingdom’s Kentucky Derby.
Steeple-chasing
In this type of race, horses run over a tackle which is a course of jumps. This s the most exciting race but equally unpredictable. Some of the famous steeple-chasing races in the world include the Grand National, a race that is organized every year in Aintree, United Kingdom annually.
Harness race
This horse race involves pulling two-wheeled contraptions. The driver sites on the sulky and guides the racehorse around the circuit. It can either be a trot or pace where pacing involves allowing the horse to move at a faster speed.
Endurance horse racing
This is long-distance horse racing covering approximately fifty to one hundred miles. A fast horse can cover a distance of 100 miles within 14 to 15 hours. The United States’s Tevis Cup and Old Dominion rides are some of the popular endurance races in the world.
Now that we have an idea of the types of horse races we can make a distinction when we are spectating or are watching through various means. Let’s now get into types of horse racing bets.
Types of horse race bets
If you have participated in horse race betting you may have noticed that there are many types of bets making this activity exciting. Talk of simple to complex ones these race bets are designed to fit a variety of bettors. They include:
- Outright
- Place
- Show
- Each way
- Across the board
- Forecast
- First four, and
- Accumulators
Outright
If you are starting, this is the simplest form of horse racing bet. It involves just picking a horse that you think will win. All that you need here is the information about the horse, its history, and its form on the day of the race, and then make a bet. If the horse crosses the line first your bet will have won.
Each way
This type of horse race bet will have better pay if the selected horse finishes among the top three. It will cost you twice as much as an outright bet but the extra cost will be balanced by the increased chances. It is also important to note that the position that a horse will finish determined the amount won, the first horse will win more.
Place
You bet for a place instead of a horse win, for example instead of betting for your selected horse to win the race, you predict that it will be among the top two horses to win the race. The payout here is smaller than outright bet but the risk here is less comparatively.
Show
This is an extension of the parameters of place by adding one more position. This means that you are betting for a horse to finish among the top three. The odds are low but when you back a favorite chances will be much higher compared to place or outright bet.
Across the board
These are three bets; outright, place and show bets, all combined in one. If the selected horse finishes first, you will get a payout for the three-bet, if it finishes second you get a payout for place and show bets while finishing the third place only gives you a show payout.
Other types of bets are:
- Tricast involves predicting that a horse will finish first, second and third
- Forecast involves a bet predicting that the horse will complete the race in first and second place and this must be in a correct order
- For the First four-bet, one needs to pick from positions 1-4 in the correct order
- Accumulators will have the bettor combining bets
The odds
You will find the following types of odds in horse racing betting platforms: the American, decimal, and fractional odds. Most bookmakers allow switching between the odds. The American bets, just as the name suggests are mainly used in the United States while decimal and Fractional are mostly found in Europe with fractional odds being the most favored format in the United Kingdom.
When it comes to making payments horse racing betting sites are also providing cryptocurrencies as a form of payment. This is giving the bettors options as well as providing a means through which deposits can be made easily and at low transaction costs. As a betting enthusiast, you also need to have a calendar of horse racing events. These events take place almost every day, so bettors who are interested in horse racing betting are spoilt for a choice.
With the advancement of technology, horse racing betting will continue to attract new and seasoned bettors. It is important to keep updated on what is happening on the scene so that you can move with time and also increase your chances of winning.
Source:
